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Benjamin School District 25

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Referendum Information » Summary

Summary

The Board has identified a number of capital projects that need to be completed by 2018. These projects have a total cost of $6.9 million. Current authorized limits would allow us to only complete $2 million of these projects in 2017, the next $4.2 million in 2021, and the last $2.5 million in 2025. The Board is not requesting any money for teachers, pensions or building expansions; the entire $6.9 million has been identified for Capital Projects.
 
April Ballot Question for Benjamin District 25 Residents

Can the District continue to extend debt payments at a level 16% less than

current debt payments, capped each year by the lesser of CPI or 5%?
 
Official language:

Shall the debt Service extension base under Property Tax Extension Limitation Law for Benjamin School District Number 25, DuPage County, Illinois, for payment of principal and interest on limited bonds be increased from $582,672 to $997,500 for the 2018 levy year and all subsequent levy years, such as debt service extension base to be increased each year by the lesser of 5% or the percentage increase in the Consumer Price Index during the 12-month calendar year preceding levy year?